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Shanghai may host Brics bank

There are two global organisations tasked with stabilising finances and funding major projects in the developing world: the World Bank and the International Monetary Fund.

But the countries most effected by their policies have often felt shut out of the decision-making process. That's because it's the large western economies along with Japan which hold the purse strings.

This week in Brazil, the so-called Brics nations - which includes the hosts, as well as Russia, India, China and South Africa - will try to set up an alternative, as the BBC's John Sudworth reports.

Watch more reports on Asia Business Report's website.

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